Vedanta Power Limited topped a six-stock screen tied to Oct. 30 trading with a Relative Strength Index reading of 56.99, The Economic Times reported, citing StockEdge.
Urban Company had the lowest reading, at 50.08. Welspun Living registered 52.58, LTM Limited 53.43, InterGlobe Aviation 55.34 and Rubicon Research 56.15, the outlet reported.
The six Nifty 500 shares each rose more than 3% during the session, according to the report. StockEdge’s scan selected stocks after their RSI moved from below 50 to above that level. StockEdge’s educational material describes RSI as an indicator of share-price momentum.
EconoTimes previously covered a similar Nifty 500 RSI screen for Oct. 23.
